Save Article

Swiss Panel Advises Against UBS-U.S. Deal

ZURICH—A Swiss parliamentary commission recommended that lawmakers vote against a government plan under which UBS AG could hand client data to U.S. authorities.

The foreign affairs commission of the Lower House voted, 15-9, against the plan, which would have UBS by June hand over data from 4,450 accounts of alleged tax dodgers and cheats to U.S. authorities. The commission said the deal undermines Swiss law.